Treasury yields that rose a percentage point this year still fail to reflect the risk that the government of world's largest economy may default, said Michael Diekmann, the chief executive officer of Allianz SE.
The fund giant's top executive said the U.S. will have a “very poor” fourth quarter even if lawmakers reach a compromise and extend the nation's borrowing authority.
Pimco Total Return Fund, the world's biggest mutual fund, had its fifth straight month of withdrawals as investors continued to flee bonds.
Sovereign wealth funds, which control about $6 trillion of wealth globally, are boosting investments in alternative assets like real estate and private equity to boost returns, a survey by Invesco Ltd. found.
“I want to be sure we are looking first at the individual conduct and working out to the entity, rather than starting with the entity as a whole and working in,” SEC Chairman Mary Jo White said.
Wall Street banks, facing a drop in third-quarter trading revenue, are counting on Wednesday's Federal Reserve announcement to spark a surge in volume.
About $47 billion has gone to exchange-traded funds that track everything from stocks to bonds to commodities since Sept. 1
The Securities and Exchange Commission is moving to propose rules that would allow companies to raise money through equity crowd-funding and more lightly regulated offerings, Chairman Mary Jo White said.
Investors pumped $8.9 billion into money-market mutual funds on Thursday, following Washington lawmakers' deal to avert a government default
